Property Overview: 133 Alfred Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This property is defined by its exceptional scale and value within its immediate neighborhood. Built in 1907, it is a historic home that offers a rare combination of a very large lot (6,928 sqft) and substantial living space (3,642 sqft), placing it in the top 1-4% of homes in North Point Douglas for both metrics. Its assessed value of $299k is notably higher than the area average, yet remains well below the city-wide average, highlighting a significant value proposition for the amount of property offered.
The primary appeal lies in securing a property with the footprint and potential of a true estate for a relatively accessible price point. It suits a specific buyer: someone seeking a project-oriented home with historic character, who values ample indoor and outdoor space above modern finishes. This could be a large family, a multi-generational household, or a visionary buyer looking to restore a character home. A less obvious perspective is its appeal to a buyer interested in land value; the lot size is a standout asset that provides privacy, garden space, and future flexibility rarely found on modern lots, especially at this price.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed values are relative to similar properties in defined areas. This home’s value is assessed in the context of North Point Douglas, where property values are generally lower than in Winnipeg as a whole. Its assessment is actually in the top 2-3% for the neighborhood, reflecting its standout size.
2. What should I consider with a home built in 1907?
A home of this age requires a thorough inspection. While it offers classic character and robust construction, potential buyers should budget for updates to major systems (plumbing, electrical, heating) and be prepared for the ongoing maintenance typical of a historic property. Its age is average for the immediate area.
3. How reliable is the sold price data shown?
The listed sold price range is based on publicly available data, not the MLS. To obtain the exact, verified sale price and full transaction history, you must request it directly via email from the site, as industry rules prevent its direct publication here.
4. The home is "Elite" for size but "below average" city-wide for year built. What does this mean?
These rankings are separate metrics. It simply means that, compared to all Winnipeg homes, this property is among the very largest (top 1% for living area) but is also older than most (top 96%, meaning 96% of city homes are newer). This is a common profile for large, established character homes in historic neighborhoods.
5. What is the neighborhood like?
The home is in North Point Douglas. The data indicates it is among the largest and highest-assessed properties on its street and in the area, suggesting it is a significant home within that community. Prospective buyers should research the neighborhood directly to understand its character, amenities, and future development plans.